IMPORTANCE OF SELF-DISCIPLINE IN BUSINESS
Self discipline in business? That most sound ridiculous, well without self-disciple and self control in business, no success is possible. This is because the achievement of business success demands high levels of discipline from you in every area of you business activity. This was why John Viney said, “the quality of self denial in the pursuit of a longer term goal and indeed, the will power to maintain that level of self denial, is an excellent training for the boardroom. There is never enough customers for you to sell everything you want to sell. There are never enough sales revenues to help you achieve all you financial goals. There are never sufficient profit to enable you to expand as much as you want.
You must discipline yourself to understand that the customer is always right. No matter how your product or service is, weather it was gotten from future or Venus. Its nonsense if customers does not like it. Let you see business people who are unhappy with their level of sales and profitability. To know if your product or service is truly attractive or valuable if people buy it willingly-and then buy it again and tell friends to buy as well.
According to expert, fully 70% of your business decisions will turn out to be wrong in fullness of time. You must face the possibility that you could be wrong in your most cherished assumptions and beliefs.
All business investment, ventures enterprise and start ups require a high level of optimism. You must believe in the future of your business along with you new products and services.
Have so much confidence in their marketability that you are willing to undertake financial risks and in rest many hours weeks and even year to achieve your business goal.
Your need self-discipline to curb your confidence, to remain objective and realistic. Overconfidence in business leads to business mistakes, financial losses and worst bankruptcy.
To survive in the business world war arena of competition discipline yourself to be equal to or better than your competitors. After all they have sleepless nights think of how to get you out of business. So knock them out before they do. You must out-think them. The discipline of advance planning can spell the difference between success and failure.
Try not to make errant assumptions. As peter Drucker said, “Errant Assumptions lies at the root of every failure” Business fail because executive rely on assumptions that are not tested. They assume that since their products can create the universe, then it must be bough heavily. They forget that the sole purpose of business is to please its customers and at the end the come ranting that they put in trillions in adverts, best product in Mars which your can find even on earth. Well understand that the complaining customer is also part of the business, love them because they see the flaws you never saw. They hold the keys to put your competitors out of business. I guess I have to stop here for today.
Thanks for reading and I welcome you again on my next blog. For now I need some hamburger, will you get some for me? Oh, never mind OK!